Share the post "Apcotex Industries Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 21.27 % in YoY and increased by 20.85 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 21.27 % in the past year, substantial increase in net sales/revenue by 20.85 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 57.58 %. Marginal increase in other income during this quarter, up by 5.58%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Apcotex Industries Limited. Profit dropped by -34.02 % Year to Year, Apcotex Industries Limited’s profitability increased by 37.56 % in this quarter.
- EPS over the Year and quarter: EPS declined by -34.15 % Year to Year. EPS increased by 37.21 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 256.101 Cr | Rs. 256.998 Cr | Rs. 310.582 Cr | + 20.85 % | + 21.27 % |
Expenses | Rs. 222.02 Cr | Rs. 231.52 Cr | Rs. 279.27 Cr | + 20.62 % | + 25.79 % |
Operating Profit | Rs. 34.08 Cr | Rs. 25.48 Cr | Rs. 31.31 Cr | + 22.88 % | -8.13 % |
OPM % | 13.31 % | 9.91 % | 10.08 % | + 0.17 % | -3.23 % |
Other Income | Rs. 1.32 Cr | Rs. 1.97 Cr | Rs. 2.08 Cr | + 5.58 % | + 57.58 % |
Interest | Rs. 0.58 Cr | Rs. 3.81 Cr | Rs. 3.86 Cr | + 1.31 % | + 565.52 % |
Depreciation | Rs. 4.09 Cr | Rs. 8.23 Cr | Rs. 8.12 Cr | -1.34 % | + 98.53 % |
Profit before tax | Rs. 30.73 Cr | Rs. 15.41 Cr | Rs. 21.41 Cr | + 38.94 % | -30.33 % |
Tax % | 24.48 % | 27.74 % | 28.49 % | + 0.75 % | + 4.01 % |
Net Profit | Rs. 23.21 Cr | Rs. 11.13 Cr | Rs. 15.31 Cr | + 37.56 % | -34.04 % |
EPS in Rs | Rs. 4.48 | Rs. 2.15 | Rs. 2.95 | + 37.21 % | -34.15 % |
Today, we’re looking at Apcotex Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 21.27 %. However, it did see a marginal increase of 20.85 % from the previous quarter. Expenses ticked up slightly by 20.62 % quarter-on-quarter, aligning with the annual rise of 25.79 %. Operating profit, while down -8.13 % compared to last year, faced a quarter-on-quarter increase of 22.88 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.23 %, but an expansion of 0.17 % sequentially. Other income rose by 5.58 % compared to the last quarter, despite an annual growth of 57.58 %. Interest expenses surged remarkably by 1.31 % from the previous quarter, yet the year-over-year increase remains at a moderate 565.52 %. Depreciation costs fell by -1.34 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 98.53 %. Profit before tax declined annually by -30.33 % but saw an increase from the preceding quarter by 38.94 %.
Tax expenses as a percentage of profits increased slightly by 4.01 % compared to last year, with a more notable quarter-on-quarter increase of 0.75 %. Net profit fell by -34.04 % year-on-year but experienced a 37.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -34.15 % but a quarterly rise of 37.21 %. In summary, Apcotex Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 256.101 Cr | Rs. 256.998 Cr | Rs. 310.582 Cr | + 20.85 % | + 21.27 % |
Expenses | Rs. 222.02 Cr | Rs. 231.52 Cr | Rs. 279.27 Cr | + 20.62 % | + 25.79 % |
Operating Profit | Rs. 34.08 Cr | Rs. 25.48 Cr | Rs. 31.31 Cr | + 22.88 % | -8.13 % |
Net Profit | Rs. 23.21 Cr | Rs. 11.13 Cr | Rs. 15.31 Cr | + 37.56 % | -34.04 % |
EPS in Rs | Rs. 4.48 | Rs. 2.15 | Rs. 2.95 | + 37.21 % | -34.15 % |
In reviewing Apcotex Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.27 % year-on-year growth, however, there was a minor increase of 20.85 % from the previous quarter. Expenses rose by 25.79 % compared to the previous year, with a 20.62 % increase quarter-on-quarter. Operating Profit dropped by -8.13 % annually, and saw a 22.88 % increase from the last quarter.
Net Profit showed yearly decrease of -34.04 %, and experienced a 37.56 % increase from the previous quarter. Earnings Per Share (EPS) fell by -34.15 % annually, however rose by 37.21 % compared to the last quarter. In essence, while Apcotex Industries Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.